Trump’s victory is felt in DJT, Tesla and Bitcoin stocks

The announcement of Donald Trump’s victory had an impact on certain stock market values: shares in DJT, Tesla and Bitcoin rose after the election results, benefiting Trump, Elon Musk and Bitcoin.

The price of bitcoin hit a new high as investors bet that Donald Trump’s victory in the U.S. presidential election will be a boon for cryptocurrencies. https://t.co/tEBpgHY6oX

— The Associated Press (@AP) November 6, 2024

DJT shares, representing Donald Trump’s company, have seen a series of ups and downs in recent months.

However, Trump’s surprise victory seems to have had a positive impact, contributing to a recovery in its share price.

Indeed, DJT shares had fallen to $30.02 on November 4, just before the election, but jumped to $44.35 the day after the results, before falling back slightly thereafter.

For Tesla and Elon Musk, now one of Donald Trump’s most powerful allies in his victory, Tesla’s share value was at its lowest on November 4, at $243.52.

However, the day after the election on November 6, it rose significantly, peaking at $284.55, before falling back slightly.

Finally, investors in Bitcoin, which Trump has suggested in recent months could be used to finance the US government’s multi-billion debts, probably viewed Trump’s victory positively, as the value of Bitcoin also rose. On November 4, it was at $68,346, and the day after the election, it had climbed to $74,552.